Autodesk Inc (ADSK)

Quick ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cash	US$ in thousands	1,892,000	1,947,000	1,528,000	1,772,200	1,774,700
Short-term investments	US$ in thousands	354,000	125,000	235,700	85,000	69,000
Receivables	US$ in thousands	876,000	961,000	716,100	643,100	652,300
Total current liabilities	US$ in thousands	4,351,000	4,000,000	4,009,000	3,254,700	3,219,200
Quick ratio		0.72	0.76	0.62	0.77	0.78

January 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,892,000K + $354,000K + $876,000K) ÷ $4,351,000K
= 0.72

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger ability to cover short-term liabilities.

Looking at Autodesk Inc's quick ratio over the past five years, we observe fluctuations in the ratio. In the most recent fiscal year ending on January 31, 2024, the quick ratio was 0.72, indicating a decline from the previous year. This may suggest a potential decrease in the company's ability to meet its short-term obligations with its liquid assets.

Comparing to the quick ratio of 0.76 in January 31, 2023, we see a slight decrease, indicating a potential decrease in liquidity. In terms of historical performance, the quick ratio was lowest in January 31, 2022, at 0.62, signaling a lower ability to cover short-term liabilities with current assets.

However, it is worth noting that in fiscal 2021 and 2020, the quick ratio stood at 0.77 and 0.78 respectively, showing a relatively stronger ability to cover short-term obligations with liquid assets during those periods.

Overall, fluctuations in Autodesk Inc's quick ratio over the years may indicate changing liquidity positions, impacting the company's short-term financial stability. Further analysis of the company's current assets and liabilities is recommended to gain a more comprehensive understanding of its financial health and liquidity position.